Grape Seed Extract Market To Surpass US$ 385.7 Mn By 2030

The Global Grape Seed Extract Market was valued at US$ 202.7 Million in 2022, exhibiting a CAGR of 8.4% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 385.7 Million by 2030.

Grape Seed Extract Market, by Form Type (Powder, Liquid, and Gel), by Application (Food & Beverages, Personal Care, Dietary Supplements, Cosmetics, Nutritional Supplements, Pharmaceutical, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Global Grape Seed Extract Market - Driver

Increasing awareness of grape seed extract usage for weight loss

The growing understanding of grape seed extracts as a useful component that promotes immune system improvement, weight loss, and cellulite reduction is anticipated to boost the market growth. Additionally, these extracts are suggested for the treatment of conditions including candidiasis, throat infections, earaches, and diarrhoea, which had a significant positive impact on the market growth.

Global Grape Seed Extract Market - Opportunities

Health benefits of grape seed extracts for pets

Grape seed extracts contain a number of chemicals that are advantageous to a pet's heart and lungs. Solvable fibres and flavonoids found in the ingredient work to raise high-density lipoproteins (HDL) cholesterol while bringing down low-density lipoproteins (LDL) cholesterol and triglycerides. Grape seed extracts contain vitamin C, which can support a stronger immune system. Due to the demand for dietary supplements for animals, products containing grape seed extracts are being used by pets more frequently.

Global Grape Seed Extract Market - Restraints

Side effects of grape seed extracts

The global market expansion for grape seed extracts may be hampered by the product's side effects, which include headache, sore throat, dizziness, itchy scalp, stomach ache, and nausea. Lack of innovation, unsatisfactory marketing, and an ambiguous regulatory landscape have all hampered the growth of the grape seed extract market. The symptoms of allergies have made it difficult to use grape seed extracts in some food products, thereby hampering the global grape seed extract market growth.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/grape-seed-extract-market-4497

Key Takeaways:

On the basis of region, Asia Pacific is the fastest growing market owing to rising disposable income and consumer awareness about healthy living, particularly in developing countries like China and India, thus driving the market growth.

On the basis of application, the food & beverages segment accounts for the majority of revenue for grape seed extract market. To enhance the value of their products, food and beverage manufacturers incorporate the product as an additive. For example, it is an essential ingredient in fruit juices produced by Old Orchard brands, LLC, a juice producing company.

Global Grape Seed Extract Market - Trends

Growing use of grape seed extracts in nutritional supplements

Grape seed extracts are frequently found in dietary supplements as it is a more practical way to obtain plant-based antioxidants. These supplements can be used to enhance beauty, support the cardiovascular system, and improve vision. Businesses are investing in product innovation to compete in this product category. For instance, Bluebonnet Nutrition Corporation, a manufacturer of nutritional supplements, launched a super fruit grape seed extract in France using Champagne grape seeds as the raw material. Additionally, because it is more affordable and convenient for consumers, the powdered form of grape seed extracts is what is found in the majority of dietary supplements and nutraceuticals.

Global Grape Seed Extract Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has significantly impacted the food supply chain, leading to significant changes in demand and the emergence of barriers in agricultural labour, processing, transportation, and logistics. Despite these challenges, food supply chains have demonstrated remarkable resilience, which has had a positive impact on the development of the market for grape seed extract. For instance, positive clinical trial results were published for Xclear Inc.’s, a manufacturer of medical products, new COVID-19 Nasal Spray, which contains a variety of grape seed extracts, as well as xylitol.

Global Grape Seed Extract Market - Competitive Section